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In what project management process group will you implement risk response plans?

You are the project manager of the GHY project for your company. This project has a budget of $543,000 and is expected to last 18 months. In this project, you

Which modeling technique does NOT provide event-oriented and project-oriented analysis for identified risks?

You are the project manager of a large project that will last four years. In this project, you would like to model the risk based on its distribution, impact, and

Once Sam and the project stakeholders acknowledge the risk of the hurricane they go on planning the project as if the risk is not likely to happen. What type of risk response is Sam using?

Sam is the project manager of a construction project in south Florida. This area of the United States is prone to hurricanes during certain parts of the year. As part

When does the Identify Risks process take place in a project?

When does the Identify Risks process take place in a project? A. At the Planning stage. B. Throughout the project life-cycle. C. At the Initiating stage. D. At the Executing

Which one of the following is NOT an accomplishment of the qualitative risk analysis process?

You are the project manager of the GHQ project for your company. You are working with your project team to prepare for the qualitative risk analysis process. Mary, a project

You work with your project to create a response that should the temperature of the machine reach 430, the machine will be paused for at least an hour to cool it down. The temperature of 430 is called what?

Your project uses a piece of equipment that if the temperature of the machine goes above 450 degree Fahrenheit the machine will overheat and have to be shut down for

Ben then communicates the risk event and response to management. What risk response has been used here?

Ben is the project manager of the CMH Project for his organization. He has identified a risk that has a low probability of happening, but the impact of the risk

You collect the responses, summarize them, and are then re-circulated to the experts for further comment. Which of the following techniques are you using for risk identification?

You are the project manager for the TTR project. You are in the process of gathering information for risk identification. You ask experts to participate in the process through their

As you begin to document the risk events in the risk register what additional information can you associate with the identified risk events?

You are the project manager of the GGG project. You have completed the risk identification process for the initial phases of your project. As you begin to document the risk

Which of the following statement is most accurate about the limitations of the checklist analysis approach for Gary?

Gary is the project manager of his organization. He is managing a project that is similar to a project his organization completed recently. Gary has decided that he will use

The goal is to create a probability distribution from the iterations for the project schedule. What technique will you use with this simulation?

You are the project manager of the AMD project for your organization. In this project, you are currently performing quantitative risk analysis. The tool and technique you are using is

Management would like to know what your cost performance index and the schedule performance index is for this project. What are these values?

You are the project manager of the GGK project for your company. The GGK project has a budget of $1,265,100 and is currently 40 percent complete. In this project, you

All of the following information should be included in the stakeholder register except for which one?

You are the project manager of the NGQQ Project for your company. To help you communicate project status to your stakeholders, you are going to create a stakeholder register. All

There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events?

There are seven risks responses that a project manager can choose from. Which risk response is appropriate for both positive and negative risk events? A. Acceptance B. Sharing C. Transference

You decide to hire a local expert team for casting that column. Which of the following types of risk response are you following?

You are the project manager for a construction project. The project involves casting of a column in a very narrow space. Because of lack of space, casting it is highly

You will need to update all of the following information except for which one?

You work as a project manager for TechSoft Inc. You, the project team, and the key project stakeholders have completed a round of quantitative risk analysis. You now need to

If your organization seizes this opportunity it would be an example of what risk response?

Your project is an agricultural-based project that deals with plant irrigation systems. You have discovered a byproduct in your project that your organization could use to make a profit. If

Which of the following inputs of the identify risks process is useful in identifying risks associated to the time allowances for the activities or projects as a whole, with a width of the range indicating the degrees of risk?

John works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful

When the project manager begins the plan risk response process, what two inputs will she need?

Kelly is the project manager of the NNQ Project for her company. This project will last for one year and has a budget of $350,000. Kelly is working with her

Which of the following are included in the risk register? Each correct answer represents a complete solution. Choose two.

You are the project manager for TTP project. You are in the Identify Risks process. You have to create the risk register. Which of the following are included in the

How many months will you need to use the solution to pay for the internal solution in comparison to the vendor’s solution?

You are the project manager for your organization. You have identified a risk event you’re your organization could manage internally or externally. If you manage the event internally it will

You elect that these additions should be removed from the project even if it takes extra time and money to remove the features. What are these riskladen features called?

Frank is a project team member in your project. Frank has been adding changes to the software interface for the software that your project is creating. Because Frank has been

What should Wendy do with the funds in the contingency reserve?

Wendy is the project manager of the FBL project for your company. She has identified several risks within her project and has created a risk contingency reserve of $45,000 total.

Shawn agrees to the software and changes to the project management plan accordingly. What type of risk response has been used in this instance?

Shawn is the project manager of the WHT Project for his company. In this project Shawn’s team reports that they have found a way to complete the project work for

Which one of the following approaches to risk identification should Rachel choose to provide a quick and simple listing of the project risks?

Rachel is the project manager of the KJH Project for her company. She needs a method to create a quick and simple approach to risk identification to communicate the project

Which of the following diagrams displays sensitivity analysis data?

Which of the following diagrams displays sensitivity analysis data? A. Fishbone B. Influence C. Tornado D. Cause and effect Answer: C

Bob disagrees and ensures Nancy that his response is most appropriate for the identified risk. Who is correct in this scenario?

Nancy is the project manager of the NHH project. She and the project team have identified a significant risk in the project during the qualitative risk analysis process. Bob is

When the project manager updates the risk register he will need to include several pieces of information including all of the following except for which one?

The only output of the perform qualitative risk analysis are risk register updates. When the project manager updates the risk register he will need to include several pieces of information

You discover that the risk categories have not been created. When should the risk categories have been created?

You are completing the qualitative risk analysis process with your project team and are relying on the risk management plan to help you determine the budget, schedule for risk management,

Who is responsible for the stakeholder expectations management in a high-profile, high-risk project?

Who is responsible for the stakeholder expectations management in a high-profile, high-risk project? A. Project risk assessment officer B. Project management office C. Project sponsor D. Project manager Answer: D

Which of the following statements best defines what a contingency response is?

You are the project manager of the NNQ Project for your company and are working with your project team to define contingency plans for the risks within your project. Mary,

Which of the following tools is most effective to choose the most appropriate risk response?

You are the project manager of a new project in your organization. You and the project team have identified the project risks, completed risk analysis, and are planning the most

Some of the risks are small risks that won’t affect your project much if they happen. What should you do with these identified risk events?

You and your project team are identifying the risks that may exist within your project. Some of the risks are small risks that won’t affect your project much if they

Why is it necessary to include the project’s cost management plan in the preparation for the quantitative risk analysis process?

You are preparing to complete the quantitative risk analysis process with your project team and several subject matter experts. You gather the necessary inputs including the project’s cost management plan.

Lisa documents this positive risk response in the risk register. What risk response is this?

Lisa is the project manager of the FKN project for her organization. She is working with Sam, the CIO, to discuss a discount the vendor has offered the project based

Which of the following strategies will you use to tackle the risk?

You work as the project manager for BlueWell Inc. You are monitoring the project performance. You want to make a decision to change the project plan to eliminate a risk

In this process of stakeholder analysis, what type of a grid or model should you create based on these conditions?

You are the project manager for BlueWell Inc. Your current project is a high priority and high profile project within your organization. You want to identify the project stakeholders that

What component of the change control system would review the proposed changes’ impact on the features and functions of the project’s product?

Henry is the project manager of the QBG Project for his company. This project has a budget of $4,576,900 and is expected to last 18 months to complete. The CIO,

Ruth creates a change request regarding the risks. Is this a valid response?

Ruth is the project manager of ISFH project for her company. This project is forty percent complete and it appears that some risk events are going to happen in the

Which of the following processes is described in the statement below? “This is the process of numerically analyzing the effect of identified risks on overall project objectives.”

Which of the following processes is described in the statement below? “This is the process of numerically analyzing the effect of identified risks on overall project objectives.” A. Identify Risks

During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one?

During qualitative risk analysis you want to define the risk urgency assessment. All of the following are indicators of risk priority except for which one? A. Cost of the project

You work as a project manager for BlueWell Inc. You are working with your team members on the risk responses in the project. Which risk response will likely cause a project to use the procurement processes?

You work as a project manager for BlueWell Inc. You are working with your team members on the risk responses in the project. Which risk response will likely cause a

A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project. Which type of risk response is this?

A part of a project deals with the hardware work. As a project manager, you have decided to hire a company to deal with all hardware work on the project.

Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and controlling?

There are four inputs to the Monitoring and Controlling Project Risks process. Which one of the following will NOT help you, the project manager, to prepare for risk monitoring and

She would like to know where will you document and record these 80 risks that have low probability and low impact for future reference. What should you tell Nancy?

You work as a project manager for BlueWell Inc. You are working with Nancy, the COO of your company, on several risks within the project. Nancy understands that through qualitative

However, Pete is scheduled to be 78 percent complete. What is the cost performance index for this project to determine if the contingency response should happen?

Pete works as a project manager for BlueWell Inc. The Management has told him that he must implement an agreed-upon contingency response if the cost performance index in his project

Based on the standard communication model, which component in this scenario is the decoder?

Holly is the project manager of the NSS Project for her company. She is discussing some of the project risks and the issues that have happened in the project. Holly

It will also define how contingency plans will be implemented by the project team. What document is Frank and the NHH Project team creating in this scenario?

Frank is the project manager of the NHH Project. He is working with the project team to create a plan to document the procedures to manage risks throughout the project.

Which of the following inputs of the identify risks process is useful in identifying risks, and provides a quantitative assessment of the likely cost to complete the scheduled activities?

Tom works as a project manager for BlueWell Inc. He is determining which risks can affect the project. Which of the following inputs of the identify risks process is useful

She and the stakeholder agree that the project management plan should be changed to eliminate the risk threat entirely. What risk response has Holly used in this instance?

Holly is the project manager of the GHH Project. During risk identification and the subsequent risk analysis process she has identified a risk with a high probability and high impact